“(…) We are in talks with investment funds and we want to raise around EUR3 million by end-2024. Currently, we can build a robot every two weeks and we want to accelerate this process,” Paul Popescu, CEO of Agora Robotics, told ZF.
The initial investment in Agora Robotics development has reached EUR300,000, the money coming from the startup’s representatives, to which funding from Simtel Team, a Romanian engineering and tech company listed on the Bucharest Stock Exchange, was added.
“Our initial investment revolved around EUR300,000 and we’ve reached around EUR1.5 million as investments with the aid of Simtel Team,” added Paul Popescu.
Sweep is a fully automated cleaning robot designed for hard surfaces in large facilities, such as warehouses, factories, shopping malls and airports. For the current year, the company’s representatives estimate a number of 40 clients on the Romanian market.
“(…) We want to focus primarily on the local market. In early 2025 we estimate we will have the first robot sold internationally. But this year we want to reach 35-40 clients in Romania”.
(English version by Catalina Apostoiu)